Sept. 13, 2024 Editor, the News-Gazette: Outside of billionaires like Donald Trump and his buddy Elon Musk, there are few who believe billionaires and large corporations deserve a tax break. The rationale for such a policy is the long disproved theory of “trickle down economics.” Supposedly, corporations will invest their savings in job creation and wages, rather than simply adding it to their already enormous wealth. In reality, this has never happened. In fact, research, such as a long-range study by the London School of Economics, shows that, under such policies, the rich get even richer, while nobody else benefits.
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